Question 1c
Marking Guide
assertions – direct confirmation of receivables | |
| 1 for each good explanation. (note any asssertion is allowed if showed linked to receivables circularisation) | |
| assertions | |
| – existence | |
| – rights and obligations | |
| – valuation and allocation (normally needs links to liquidator) | |
| – completeness (where linked to invoices not recorded by client co) | |
| – other relevant points | |
| maximum marks | 4 |